PAYDOTCServices-Business Services, NECUS GAAP · USD

Paid Inc

PAID Inc. is a U.S.-based business services company that provides software and transaction tools for small and medium-sized businesses. Its platform includes PaidWeb, PaidCart, PaidPayments, and PaidShipping, which together support website creation, online sales, payment processing, and shipping workflows.

Revenue20.7m USD
+11.4 %y/y
Operating profit (EBIT)-0.7m USD
−32.7 %y/y
EBIT margin-3.2%
−0.5 ppy/y
Net income-0.4m USD
−148.2 %y/y
Free cash flow-0.1m USD
−112.6 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50510152025m USD2020: 13 m USD2020: EBIT -2.1 m USD20202021: 15 m USD2021: EBIT -0.49 m USD20212022: 17 m USD2022: EBIT 0.06 m USD20222023: 17 m USD2023: EBIT -0.59 m USD20232024: 19 m USD2024: EBIT -0.49 m USD20242025: 21 m USD2025: EBIT -0.65 m USD202521-0.65
RevenueOperating profit (EBIT)

Business

Share of revenue
eCommerce platform services1 %

Website, storefront, and online commerce tools for SMBs.

Shipping coordination and label generation99 %

Carrier comparison, label creation, dispatch, and tracking services.

Payment processing tools0 %

Checkout, invoicing, subscriptions, and point-of-sale functionality.

Client services0 %

Legacy brewery management software and shipping calculator services.

Products

Reported · share of revenue
99.9%FY2025100 %
  • Shipping Calculator Services99.9 %
  • Merchant Processing Services0.1 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

PAID Inc. serves small and medium-sized businesses that need an integrated set of tools to run online sales and shipping operations. Its customers use the platform to build websites, accept payments, manage multichannel orders, and coordinate shipments from a single interface. The company also has niche client-service users tied to brewery management and shipping calculators.

Small and medium-sized eCommerce merchants

Buy PaidWeb, PaidCart, PaidPayments, and PaidShipping to run storefronts and fulfillment.

Canadian shipping customers

Use shipping coordination and label generation to route parcels through alternative carriers.

Online payment users

Use PaidPayments for checkout, invoicing, subscriptions, and POS workflows.

Legacy client services users

Use brewery management software and shipping calculator services.

Strategy

The company’s strategy centers on expanding shipping coordination and label generation services while cross-selling payments and eCommerce tools to the same SMB customer base. It also appears to be simplifying the product mix by reducing emphasis on legacy client services and focusing on products with clearer transactional demand.

Expand shipping transaction volumeShort term

Shipping coordination is the main revenue engine and benefits from carrier shifts.

Cross-sell the eCommerce suiteMedium term

Bundling website, payments, and shipping tools increases customer stickiness.

De-emphasize legacy client servicesShort term

Older brewery software and calculator offerings are shrinking and less strategic.

Geography

PAID Inc. is headquartered in the United States, but its operating footprint is tied to cross-border shipping activity, especially in Canada. The company’s shipping business is exposed to carrier availability and pricing dynamics in Canadian small-business logistics, while its payment tools support USD, CAD, and EUR transactions. No country-level revenue disclosure was provided in the excerpts.

Risks

PAID Inc. depends on transaction volume, carrier relationships, and continued adoption of its SMB software tools, so demand can shift quickly with pricing or logistics changes. The business also faces customer concentration and product obsolescence risk in its legacy services, plus typical software and payments risks such as competition, integration complexity, and security expectations.

Sorted by severity
Dependence on Canada Post and alternate carrier dynamicsHigh

Shipping revenue is driven by carrier availability, negotiations, and pricing shifts.

Exposure: Shipping coordination and label generation services

Customer churn and limited adoptionHigh

The platform relies on SMB retention and continued use of multiple modules.

ExposurePaidPaymentsPaidWebPaidCartPaidShipping
Capital and liquidity pressureHigh

Management disclosed possible need for additional capital to fund operations.

Exposure: General corporate funding

Legacy product attritionMedium

Client services revenue fell as brewery software clients were cancelled and services were closed.

Exposure: BeerRun Software and Auctioninc services

Competition in SMB commerce softwareMedium

The company competes with broader eCommerce, payments, and shipping software providers.

Exposure: Platform and transaction services

Accounting

Judgemental items
Revenue recognition timing

Shipping coordination, label generation, and eCommerce services may be recognized as services are delivered or transactions processed.

Impact: Can create quarter-to-quarter swings in reported revenue

Stock-based compensation

The company recorded significant stock-based compensation expense in 2025.

Impact: Raises operating expenses and affects comparability

Bad debt allowance

Provision for bad debts indicates collectability risk on receivables.

Impact: Can reduce earnings when customer balances are not collected

Note receivable accounting

Other income included interest and discounts related to note receivables.

Impact: Can materially affect non-operating income from period to period

Publicly listed companies with a comparable business focus.

Last updated: 29/04/2026